Procurement Manager for Strategic Sourcing

1 week ago

Burnaby, British Columbia, Canada Summit Tools Full time

We are Summit Tools, a leading distributor of national brands with the latest products in the market. Our stores have a wide selection of goods that serve a broad spectrum of clients from contractors, trades, and industrial users. We are expanding and hiring candidates who are looking for growth and development opportunities within our field.

Our comprehensive benefit package includes extended health, dental, long-term disability, and term life insurance. All staff are full-time, creating a stable work environment. Advancement opportunities exist through multiple channels: contractor/trade sales, distribution, and head office.

The Senior Buyer will play a critical role in sourcing, negotiating, and procuring materials, products, and services essential to our operations. The ideal candidate will have a strong background in purchasing within the power tools or related industry, along with exceptional negotiation skills and a strategic mindset.

Key Responsibilities:

  • Identify, evaluate, and select suppliers based on quality, price, reliability, and service to ensure the continuous supply of materials and components necessary for manufacturing our products.
  • Anticipate seasonal changes and develop promotional item lists and marketing strategies.
  • Develop and maintain strong relationships with key suppliers, negotiating contracts and terms to optimize cost savings, quality, and delivery schedules.
  • Set appropriate purchase order cycles to balance inventory levels and warehouse operations.
  • Analyze pricing trends, market dynamics, and supplier performance to identify cost-saving opportunities and mitigate risks to the supply chain.
  • Collaborate with internal stakeholders to forecast demand, manage inventory levels, and ensure adequate stock levels while minimizing excess and obsolete inventory.
  • Work closely with suppliers to ensure adherence to quality standards, conducting audits and inspections as necessary to uphold product quality and reliability.
  • Drive continuous improvement initiatives within the procurement function, implementing best practices and process efficiencies to optimize procurement operations.
  • Collaborate with internal teams, including manufacturing, engineering, and sales, to align procurement activities with organizational goals and objectives.
  • Ensure compliance with regulatory requirements, industry standards, and company policies throughout the procurement process.

Requirements:

  • Bachelor's degree in business administration, Supply Chain Management, or related field.
  • Minimum of 5 years of experience in procurement, sourcing, or supply chain management, preferably in the power tools or related industry.
  • Proven track record of successfully negotiating contracts, achieving cost savings, and managing supplier relationships.
  • Strong analytical skills with the ability to interpret data, perform cost analysis, and make data-driven decisions.
  • Proficiency in procurement software and tools, such as ERP systems, e-procurement platforms, and MS Office Suite.

The estimated salary range for this position is $60,000-$80,000 per annum, depending on qualifications and experience.

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